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find out what's really happening to the global economy is a report. from the props for all things considered. what is the state of the global economy and where is it going and why are economists using the term normal. we speak your language. programs documentaries and spanish matters to you. use a little tentative angle stories. to . find out more visit. and you're watching our team good to have you back with us let's get back with our top story now one of america's most wanted men and it's a whistleblower edward snowden is believed to be staying in a moscow airport reportedly waiting to board a flight to cuba within the next twenty four hours his final destination is believed to be ecuador where he is seeking political asylum after fleeing hong kong due to the looming threat of extradition meanwhile washington is reportedly ramping up the pressure on latin america urging all south american states to deny him refuge snowden is the seventh person the obama administration has sought to punish for leaking classified data let's get a recap of some of the.
find out what's really happening to the global economy is a report. from the props for all things considered. what is the state of the global economy and where is it going and why are economists using the term normal. we speak your language. programs documentaries and spanish matters to you. use a little tentative angle stories. to . find out more visit. and you're watching our team good to have you back with us let's get back with our top story now one of america's most wanted men and it's a...
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Jun 24, 2013
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we worry about our economy going down. this is a nation of deep anxiety end in that sense than nuclear terror almost becomes kind of a condenser for society's broader anxiety. and it enables -- it enables terrorists with communication skills to become a virtual nuclear powers. i mean, i was fascinated by the fact that in addition to your list of quotes at the beginning there about our predictions, we had in 2008, and a public speech by the director of the central intelligence agency say that the agency's number one nuclear concern in the world. north korea, nuclear weapons. a bunch of people have nuclear weapons. how did it they ascend to number one in this? and this is really a reflection, in many cases of our own. they became too skillful communication -- there were treated as if there were a virtual nuclear power. and in the analytical community, in the analytical community the burden of proof shifted from not looking for the evidence that they were or could be, but to try to come up with the evidence that they could no
we worry about our economy going down. this is a nation of deep anxiety end in that sense than nuclear terror almost becomes kind of a condenser for society's broader anxiety. and it enables -- it enables terrorists with communication skills to become a virtual nuclear powers. i mean, i was fascinated by the fact that in addition to your list of quotes at the beginning there about our predictions, we had in 2008, and a public speech by the director of the central intelligence agency say that...
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Jun 23, 2013
06/13
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spooked investors when he said the feds could wrap up their economic stimulus program by next year if the economy keeps improving. fox news senior business correspondent, anchor of bulls and bears, brenda buttner has more. >> the question this week, are the bulls taking a breather or skidding to a stop? wall street could further fret over the fed, it appears the central bank will ease up on easy money. many chances this week to get that word. fed members all over giving speeches, other market movers, important info on housing prices, pending home sales and consumer confidence. if you're licking your wounds after last week, keep this in mind. the s&p 500, likely a part of your retirement plan, has come very far, very fast. it is still up 12% so far this year, just short of its increase of 13% for all of last year. will the latest selloff be a buying opportunity or have nervous investors running for the exits? looking ahead, one thing is pretty certain, uncertainty. the gauge of volatility and anxiety for wall street has spiked since word of the potential end of easy money. harris, back to you. >>
spooked investors when he said the feds could wrap up their economic stimulus program by next year if the economy keeps improving. fox news senior business correspondent, anchor of bulls and bears, brenda buttner has more. >> the question this week, are the bulls taking a breather or skidding to a stop? wall street could further fret over the fed, it appears the central bank will ease up on easy money. many chances this week to get that word. fed members all over giving speeches, other...
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Jun 23, 2013
06/13
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of the global economy. in a statement, the g8 warned that, quote, global economic prospects remain weak. though downside risks have reduced thanks in part to significant policy actions taken, unquote. in the u.s., the euro zone and japan. they depicted 2014 as a quote unquote difficult one with the euro zone in recession and the american economy still hampered by high unemployment. china did not participate in the discussions since china is not a member of the g8 although japan, its neighbor, is. >> why are the economies around the world slowing down. >> because the economies around the world have accumulated too much debt and they don't know how to get the economies moving again. china's growth rate is down to 6 or 5%. no one knows where it's going. exports within the european community are dropping all over the place. virtually every european country -- look at the unemployment rate in spain. it's 26%. you look at italy, france and spain, they're all cass -- basket cases. they have a debt to retail. just
of the global economy. in a statement, the g8 warned that, quote, global economic prospects remain weak. though downside risks have reduced thanks in part to significant policy actions taken, unquote. in the u.s., the euro zone and japan. they depicted 2014 as a quote unquote difficult one with the euro zone in recession and the american economy still hampered by high unemployment. china did not participate in the discussions since china is not a member of the g8 although japan, its neighbor,...
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Jun 23, 2013
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does this mean that the economy is improving? >> the reason for the panic is that there are people who believe that the economy is not getting strong at the rate that bernanke it does and the whole thing is a house of cards that could collapse. and do not know which analogy to use. he has been pumping in the heroin, if you like, at a pretty high pace. he did not say cold turkey. he said next year for six months i might begin a slight tapering, and everybody goes crazy. what has happened to my dealer? >> good news, bad news, or don't we know? >> i don't know. i am sure there is somebody who knows somewhere, but the very folks who pray and genuflect before the free market are saying wait a minute, i have to get my fix. ben bernanke is returning to a belief and the confidence that the united states economy can thrive without this -- whatever you want to call it, illicit drug, a stimulant, wild turkey switching to chamblis. i do not know what stimulant they are looking for. >> i for one am grateful for the fact that bernanke has been
does this mean that the economy is improving? >> the reason for the panic is that there are people who believe that the economy is not getting strong at the rate that bernanke it does and the whole thing is a house of cards that could collapse. and do not know which analogy to use. he has been pumping in the heroin, if you like, at a pretty high pace. he did not say cold turkey. he said next year for six months i might begin a slight tapering, and everybody goes crazy. what has happened...
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Jun 23, 2013
06/13
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their role in the economy. they just punted by and large. >> let's pick up on that because as julie said, there's the argument in its own way that bernanke statement is good news, inflation is low, it may be tepid, but growth is continuing and it shows the economy is recovering. >> but worry for someone like bernanke, when interest rates are this level and this much stimulus in the economy from that, and the economy strengthens to the point we have reasonably robust growth, you're right on the danger point for outbreak of inflation. that's what a fed chief has to be concerned about. the thing chiefs often have to do is raise rates in a way it doesn't blow up the force of whatever recovery is going on, but in time to prevent inflation. once the inflation jeannie is out of the bottle, it is hard to put it back in. last big experience we had with that was with near hyperinflation in the late 1970s, and massive recession was in duesed when paul volcker clamped down on that, raised interest rates to the point we wen
their role in the economy. they just punted by and large. >> let's pick up on that because as julie said, there's the argument in its own way that bernanke statement is good news, inflation is low, it may be tepid, but growth is continuing and it shows the economy is recovering. >> but worry for someone like bernanke, when interest rates are this level and this much stimulus in the economy from that, and the economy strengthens to the point we have reasonably robust growth, you're...
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Jun 23, 2013
06/13
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to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good nough for now. it is not good enough for me. i know it is not good enough for you either. how can any of us stay on top with groups that nearly cap 12 million americans out of work and threaten our children's future? we should be doing much better. we are not a people who hobble along hoping some day some where down the line things are going to get better. we are a people who chart our own course, who take matters into our own hands. that is why i'm here today. people in this room represent so much of our nations economic success, and our potential for the future. manufacturing represents where things a
to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good nough for now. it is not good enough for me. i know it is not good enough for you either....
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find out what's really happening to the global economy in these kinds of reports. a welcome across all things considered on people of all what is the state of the global economy and where is it going and why are economists using the term the new normal. hold it. hold it hold. it. live. good speed. limits good. luck. just some. time out run a little. humility speak your language. programs and documentaries in arabic in school here on. reporting from the world's hot spots the v.i.p.'s. still intriguing story for you. live in trying. to find out more visit our big teeth dog called. ok hold it. live. the speed. limit. at least. a little. mrs r.t. an update on our top story now america's most wanted n.s.a. whistleblower edward snowden has formally applied for political asylum in ecuador and that's according to a tweet by the country's foreign minister snowden is currently in a moscow airport reportedly waiting to board his next flight within the next twenty four hours he is the seventh person the obama administration has sought to punish for leaking classified data let'
find out what's really happening to the global economy in these kinds of reports. a welcome across all things considered on people of all what is the state of the global economy and where is it going and why are economists using the term the new normal. hold it. hold it hold. it. live. good speed. limits good. luck. just some. time out run a little. humility speak your language. programs and documentaries in arabic in school here on. reporting from the world's hot spots the v.i.p.'s. still...
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Jun 23, 2013
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the russian economy hasn't been in good shape. it is in especially bad shape right now because they are not getting as much for natural resources as they have in the past. he should have reason to -- >> to be helpful. >> more friendly to the west but he is not showing it. >> jamaal, you know, politically speaking, this is not what the white house wanted to be dealing with at the beginning of this week, right? the president is giving a speech tomorrow. or i'm sorry, on tuesday. on climate change. you know, it strikes me that this puts the white house in kind of a tough spot because we still have questions about the program itself. about what was going on and now we are sort of changing, trying to figure out what is going on with edward snowden. where is he and why we can't seem to get our hands on him. >> yeah. it is not a great week. let's think about it for a second. i'm curious as to how he made it from whatever hotel he was in to the airport without americans sort of knowing this is happening at the time. what kind of surveilla
the russian economy hasn't been in good shape. it is in especially bad shape right now because they are not getting as much for natural resources as they have in the past. he should have reason to -- >> to be helpful. >> more friendly to the west but he is not showing it. >> jamaal, you know, politically speaking, this is not what the white house wanted to be dealing with at the beginning of this week, right? the president is giving a speech tomorrow. or i'm sorry, on tuesday....
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this is an effort to save money and boost profit in a down economy. room service is one amenity on the chopping block. and now from new york city we have more on that. >>reporter: gone are $40 hamburgers. more and more hotels are cutting back on the luxury of room service. consumers have opened the door to what the hotel industry calls "limited" service and a trend that is expanding and most recently, the hilton midtown has gone a step further saying because of a decline in room service, it will no longer be offered to the 2,000 rooms starting in august. while the hospitality industry has been rebounded since 2009 recession and people are traveling, experts say budgets are still tight. >> the budgets are still constrained and keeping spending for other things. they have to pay for the room. they may not be able to get the other services. >> another survey asked what people most wished would become standard with their stay? 66 percent said free wi-fi and only 2 percent said room service was a must when choosing a hotel for leisure travel. >> service is
this is an effort to save money and boost profit in a down economy. room service is one amenity on the chopping block. and now from new york city we have more on that. >>reporter: gone are $40 hamburgers. more and more hotels are cutting back on the luxury of room service. consumers have opened the door to what the hotel industry calls "limited" service and a trend that is expanding and most recently, the hilton midtown has gone a step further saying because of a decline in room...
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Jun 23, 2013
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it is good for our economy. this bill is good for our national securitiment no one can get a green card until the board of security measures are up and running and e verify is up and running and controlling a job in the -- in america. as to the 11 million they will have an earned, hard pathway to citizenship. they need to get in the back of te line before they become a citizen. they can't cut in line. they have to pass two english proficiency exams. i reject the idea of becoming mideastern europe. america is different than mideastern europe. this is a good solution for our national security and for our economy and tough, practical solution to 11 million. and most importantly if we do this bill, amnesty is the status quo. if we do this bill, there will be no third wave of illegal immigration. >> let me ask you about another objection senator lee just mentioned. the idea that this will be a huge 1200-page bill. i heard you complain about that during obamacare. the idea you have this huge bill that nobody has read
it is good for our economy. this bill is good for our national securitiment no one can get a green card until the board of security measures are up and running and e verify is up and running and controlling a job in the -- in america. as to the 11 million they will have an earned, hard pathway to citizenship. they need to get in the back of te line before they become a citizen. they can't cut in line. they have to pass two english proficiency exams. i reject the idea of becoming mideastern...
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how much volatility is ahead on the economy and what should washington do. >>> and the debate over spying. is the country still behind the nsa's programs? or does the president need to make a public case to keep it going? with us, 14 capitol hill voices. assistant democratic leader in the senate, dick durbin of illinois. top republican on the senate homeland security committee, key conservative voice on immigration, tom coburn of oklahoma. democratic congresswoman from california, loretta sanchez. the chairman of the house intelligence committee, republican congressman mike rogers of michigan. then our political roundtable on obama's rough patch. critical reviews of his trip to the g-8. and his efforts on syria. falling approval ratings. is his second term slipping away. >> announcer: from nbc news in washington, the world's longest-running television program, this is "meet the press." >>> good sunday morning. we've got breaking news we're following this morning. nsa leaker edward snowden is on the move. he has left hong kong, boarded a commercial flight to moscow a few hours ago. final d
how much volatility is ahead on the economy and what should washington do. >>> and the debate over spying. is the country still behind the nsa's programs? or does the president need to make a public case to keep it going? with us, 14 capitol hill voices. assistant democratic leader in the senate, dick durbin of illinois. top republican on the senate homeland security committee, key conservative voice on immigration, tom coburn of oklahoma. democratic congresswoman from california,...
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Jun 23, 2013
06/13
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the economy is not improving significantly. you have conversations in the fed and wall street it is a disconnect. >> if the fed raises interest rates that can effect the mortgage rates and all kinds of things. it raises the question whether or not it was a mistake for the fed to be attached. did the economy and all of us become addicted to easy money? >> i think so. i e-mailed four different economists and financial types. took the words out of my mouth. i think, yes, there was a reasonable reason for an emergency intervention in 2008. keeping zero interest rate going for five years is asking for trouble down the roads. i'm afraid at some point we'll pay the price. i think the zero interest rate regime was good for wall street, big banks and big government which can borrow cheap. if interest rates were higher we would see an impact on the deficit. it's bad for small savers. it's been bad for small business actually. community banks don't benefit from this regime. i think the bernanke policies are part of an overall set of polic
the economy is not improving significantly. you have conversations in the fed and wall street it is a disconnect. >> if the fed raises interest rates that can effect the mortgage rates and all kinds of things. it raises the question whether or not it was a mistake for the fed to be attached. did the economy and all of us become addicted to easy money? >> i think so. i e-mailed four different economists and financial types. took the words out of my mouth. i think, yes, there was a...
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Jun 23, 2013
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the past and governments everywhere in the world are fighting for those jobs because very often the economies are down and manufacturing generates a lot of jobs. it's not just united states trying to find ways to bring jobs back. and you know as relates to the comment about google or whoever it is, what you're seeing is a lot of innovation in silicon valley. some of these products want to keep close to home. they want the design -- the whole notion to consumption cycles to be tighter. >> that's interesting because design is so -- mentioned it might be built in texas so -- >> mike, you said more than once, protecting your ip, keeping it onsthor. i assume we're not going to name the country that we're worried about. if i say i want you to manufacture this device for me and you choose to do it in that country, are you saying that my ip would be somehow in danger? i want to stay within the flextronics building? >> it's something people think about. what i think what's more driving is the innovation of the consumption cycle. because of the companies you just mentioned like the google q an example.
the past and governments everywhere in the world are fighting for those jobs because very often the economies are down and manufacturing generates a lot of jobs. it's not just united states trying to find ways to bring jobs back. and you know as relates to the comment about google or whoever it is, what you're seeing is a lot of innovation in silicon valley. some of these products want to keep close to home. they want the design -- the whole notion to consumption cycles to be tighter. >>...
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Jun 23, 2013
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thisy say there needs to be a clean economy, but others say it could crush the economy. some say it is like west virginia, arkansas and alaska and could kill american jobs. not to mention the timing with all of the security issues facing our country right now. let's talk about it with our digital politics editor who is here live and he hales from west virginia. >> this is a true fact. west virginia's economy has been so devastated already by the restrictions on coal that this administration has put into place. another round of it is for folks back home would be pretty hard to imagine. it is hard to deal with. >> i am a little baffled by this speech. i believe it will be at georgetown university in washington. i believe the president has rolled out his policy before. >> the president has a lot of problems these days. one of them -- arguably the biggest is his base is very upset about this domestic surveillance stuff. they really don't like it. climate is a sop for them. even if the transition to green energy doesn't take place. there are two layers. the part that is an op
thisy say there needs to be a clean economy, but others say it could crush the economy. some say it is like west virginia, arkansas and alaska and could kill american jobs. not to mention the timing with all of the security issues facing our country right now. let's talk about it with our digital politics editor who is here live and he hales from west virginia. >> this is a true fact. west virginia's economy has been so devastated already by the restrictions on coal that this...
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, gdp growth or the economy. what this is reminding us, you can have all the growth you want but if it's not equitably distributed, then a lot of families end up falling behind even as the economy improves. it's sort of like the economy is doing well except for the people in it. how does that happen? it has a lot to do with who has bargaining power, low levels of unionization, it has to do with the fact that some of the jobs out there are return high levels of wages and incomes to people with the highest levels of skills. so some folks are getting less behind. it has to do with the trade deficit. so really many different kind of perpetrators on the inequality story. >> what do you do about that? how do you make sure that people who are on the lower end of the economic spectrum get some prosperity as well? >> the solution is a lot simpler than i think a lot of people think. if the unemployment rate is very, very low, something we haven't seen for a while, what you find is that employers have to bid up the wages an
, gdp growth or the economy. what this is reminding us, you can have all the growth you want but if it's not equitably distributed, then a lot of families end up falling behind even as the economy improves. it's sort of like the economy is doing well except for the people in it. how does that happen? it has a lot to do with who has bargaining power, low levels of unionization, it has to do with the fact that some of the jobs out there are return high levels of wages and incomes to people with...
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Jun 23, 2013
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actually, it is what i call power market economy. [speaking chinese] >> translator: power, the power. those who are in power controls the market. [speaking chinese] >> translator: and those who are in power is directly involved in buying and selling of the group's. [speaking chinese] >> translator: a lot of money, it changes hands. [speaking chinese] >> translator: every county government is a company. [speaking chinese] >> translator: every provincial government is an enterprise, huge enterprise. so that's why they are increasing the scalat's why thee increasing the scale. [speaking chinese] >> translator: and the government can get cheap loans from the banks, and chinese don't have social security. very low welfare. so the chinese, they keep putting money int in the bank. they keep increasing their savings. and the government can use the people's savings. we're talking about thousands of yen, peoples savings and the government uses it at its own free will. [speaking chinese] >> translator: for example, the ministry of rail, railway
actually, it is what i call power market economy. [speaking chinese] >> translator: power, the power. those who are in power controls the market. [speaking chinese] >> translator: and those who are in power is directly involved in buying and selling of the group's. [speaking chinese] >> translator: a lot of money, it changes hands. [speaking chinese] >> translator: every county government is a company. [speaking chinese] >> translator: every provincial government...
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Jun 23, 2013
06/13
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we're talking about the economy. look at the economy, look at the potential there. look at the squandered opportunities we have had. we go back to congress did this or didn't do that. if we had an aggressive energy strategy, if we had a way to lift people out of where they are right now. when you see middle income people lost $5,000 a year, why is that? we are so blessed for so long, the only thing missing right now is strong leadership in establishing -- >> what would an aggressive energy strategy mean? the president is going to make a major announcement this week on climate change and energy. i want to know what that would be. >> i don't think that the president needs to make a statement on green energy. with the list of priorities of what's going on, if this is the initiative, i think there's a lot more things on the plate. to me, it's a pivot away from what's causing the distrust of this government. any relationship you have, whether it's you and i, you and your wife, any of us in a business relationship, when we lose trust in the person, then we don't have fait
we're talking about the economy. look at the economy, look at the potential there. look at the squandered opportunities we have had. we go back to congress did this or didn't do that. if we had an aggressive energy strategy, if we had a way to lift people out of where they are right now. when you see middle income people lost $5,000 a year, why is that? we are so blessed for so long, the only thing missing right now is strong leadership in establishing -- >> what would an aggressive...
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find out what's really happening to the global economy cars are reporting on a. little. thanks for staying with us updating you on our breaking news story n.s.a. whistleblower edward snowden wanted by the u.s. for as in moscow after landing on a flight from hong kong airport sources saying he'll spend the night there and wait for his onward flight reportedly to cuba monday afternoon it's then thought health third as yet unrevealed destination for more on this let's go live to our tease paul scott standing by at sheremetyevo airport paul give us the latest. you mentioned the latest breaking developments in the last hour or so airport sources have suggested to us say that i was not and will in fact spend the night. now it's not clear whether that was the original intended plan or whether something has forced a change of halts for his legal. is traveling with him let's believe walking on behalf of wiki leaks he has been greeted by the ecuadorian ambassador who also remains inside of the airport as we speak it's believed the two are in discussions about the next move for edw
find out what's really happening to the global economy cars are reporting on a. little. thanks for staying with us updating you on our breaking news story n.s.a. whistleblower edward snowden wanted by the u.s. for as in moscow after landing on a flight from hong kong airport sources saying he'll spend the night there and wait for his onward flight reportedly to cuba monday afternoon it's then thought health third as yet unrevealed destination for more on this let's go live to our tease paul...
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also a pivotal week in the economy. we will look at ben bernanke's announcement and the market reaction with harvard historian neil ferguson squlmpt. >>> everyone is talking about the 3-d printing but that's yesterday's news. i'll show you printing atoms and molecules. that's the next big thing. first, here's my take. in the debate over u.s. intervention in syria, there's a striking mismatch between ends and means. proponents of intervention want to defeat a ruthless and powerful regime, rescue a country from civil war and usher in a new democratic political order. but these people say at the same time that they want to achieve all this with the most limited methods. the worst thing the united states could do right now is to put boots on the ground in syria, says senator john mccain. we're often told that the goal of this intervention is to stop the killing. but sending more arms into the mix will actually increase the violence. that's fine, say the interventionists, because the real goal is to oust assad. but as we lea
also a pivotal week in the economy. we will look at ben bernanke's announcement and the market reaction with harvard historian neil ferguson squlmpt. >>> everyone is talking about the 3-d printing but that's yesterday's news. i'll show you printing atoms and molecules. that's the next big thing. first, here's my take. in the debate over u.s. intervention in syria, there's a striking mismatch between ends and means. proponents of intervention want to defeat a ruthless and powerful...
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we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a dger of sitting back and letting the government decide >> one of the legitimate functions of government is protectings from external enemies and e constitutiowas written by framers who unrstood that governments that protect you can abuse you. take it out on the government. rich hit on something. if the company has in writing certain ord or request and the statute is cited, the company is obligged to do it. if you don't like the law change the law. >> we want to stop thead guy companies can stop the government saying we are getting a ton of lawsuits on our doorsteps and in india, they are allowing tax officials with access to google d facebook data. >> the irs is different. >> india is pressuring to have government officials on-site at research in motion. >> by the way, hold
we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a dger of sitting back and letting the government decide >> one of the legitimate functions of government is protectings from external enemies and e constitutiowas written...
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also a pivotal week in the economy. we will look at ben bernanke's announcement and the market reaction with harvard
also a pivotal week in the economy. we will look at ben bernanke's announcement and the market reaction with harvard
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find out what's really happening to the global economy. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you don't know i'm tom harpur welcome to the big picture. thanks for staying with us seventeen minutes past the hour now we're covering our developing story this hour n.s.a. whistleblower edward snowden reportedly on a route to moscow or possibly already here after leaving hong kong sunday morning we're closely tracking that flight that allegedly snowden is aboard here you can see the plane moving through russian airspace on approach to moscow being suggested he may then go to cuba and then on to venezuela from there but no clear confirmation of his final destination at this point now let's get more on snowden's likely fate the rest again of journalist paul lashmar thanks very much for joining us here on r t so news of him leaving hong kong snowden leaving hong kong has sparked speculation on where h
find out what's really happening to the global economy. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you don't know i'm tom harpur welcome to the big picture. thanks for staying with us seventeen minutes past the hour now we're covering our developing story this hour n.s.a. whistleblower edward snowden reportedly on a route to moscow or possibly already...
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Jun 23, 2013
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the other major part of this is the budget, the lack of money, the economy. this current administration the city of chicago has reduced the police department by 15 to 1700 officers in the way they were able -- they reduce the budget by a thousand and they were just 700 short on top of that. the way they were able to keep officers in neighborhoods list or read the other units, said task force special operations that 30 or 40 men and women set to your neighbors at a minute notice. they don't exist anymore. if applied changes on a graphic compare them to spikes in shootings and there's a perfect correlation between changes in manpower and shootings in the city of chicago. they finally have recognized their error and this is interesting, have applied to the federal government under the veterans program for this money for jobs for veterans returning to server placing her rehiring police officers in the city of chicago with federal money. it's a terrible situation. >> i think were just about out of time, said that to thank everybody for coming in through the book h
the other major part of this is the budget, the lack of money, the economy. this current administration the city of chicago has reduced the police department by 15 to 1700 officers in the way they were able -- they reduce the budget by a thousand and they were just 700 short on top of that. the way they were able to keep officers in neighborhoods list or read the other units, said task force special operations that 30 or 40 men and women set to your neighbors at a minute notice. they don't...
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find out what's really happening to the global economy. global financial headlines to name two kinds of reports. download the official location to us.
find out what's really happening to the global economy. global financial headlines to name two kinds of reports. download the official location to us.
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where do you think the economy is today? >> that's the big question everyone is asking themselves and try to answer. we saw a bit of a market meltdown, the federal reserve came out and confirmed they are going to pull back on $85 billion a month bond buyback. they are looking to tape thaer down and finish it completely the middle of next year. we saw the market responding to that, shifting to more defensive stocks. we've been seeing sellingoffs with treasuriry pushing mortgage rates up. >> talk about what this means for homeowners? what does it mean as mortgage interest rate ticks up. >> the cost of borrowing more expensive. as you mentioned beginning of may 3.5 on 30 year fix, up to 4.25 now. that translates to an extra $40 a month for every $100,000 of mortgage you're taking out. still near historic lows but i think that rate will continue to rise, albeit a little national association of realtors expected to hit about 5% in early 2014. >> and buying was just going back up. home buying, which had leveled off and we saw all
where do you think the economy is today? >> that's the big question everyone is asking themselves and try to answer. we saw a bit of a market meltdown, the federal reserve came out and confirmed they are going to pull back on $85 billion a month bond buyback. they are looking to tape thaer down and finish it completely the middle of next year. we saw the market responding to that, shifting to more defensive stocks. we've been seeing sellingoffs with treasuriry pushing mortgage rates up....
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find out what's really happening to the global economy is a report on. speak your language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the ip interviews intriguing story for you. to find out more visit our big. thank you for joining us here on. live in moscow let's discuss the latest i g eight summit that was a hosted by the united kingdom though the issue of syria taking basically the center stage of the whole meeting of a civil war that may be a painful stumbling block splitting the international community but is the latest gathering showed there's always enough room for consensus despite some visible hurdles. to reports from lockup. eight world leaders about press and an army of police watching that this northern irish g eight went smoothly but inside the fortified resort where the talks are being held a split over syria i don't think we should we should this will ourselves we this is g seven plus one in the run up to the conference the u.s. had claimed that the syrian government had used chemical weapons and pledged
find out what's really happening to the global economy is a report on. speak your language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the ip interviews intriguing story for you. to find out more visit our big. thank you for joining us here on. live in moscow let's discuss the latest i g eight summit that was a hosted by the united kingdom though the issue of syria taking basically the center stage of the whole meeting of a civil war that...
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Jun 23, 2013
06/13
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japanese banks are turning to rapidly growing asian economies to expand their business operations. early last month, sumimoto mitsui banking corporation decided to invest about $1.5 billion in the lender bank tabungan pensiunan nasional. >>> japan's most revered mountain has been chosen as a unesco world heritage site. the iconic mt. fuji has become the country's 17th site to be awarded world heritage states. >> adopted. >> [ speaking foreign language ]. >> the world heritage committee decided to designate mt. fuji as a cultural heritage site at the meeting in the cambodian capital of phnom penh. members have been screening 30 heritage candidates. they have also endorsed other sites including the sand sea in namibia and mt. etna in italy. mt. fuji is japan's highest peak. it has been regarded as a sacred site for centuries. it also has been an inspiration for japanese art and culture. the governors of the prefectures of yamanashi and shizuoka, which straddle the mountain, expressed gratitude at the meeting. >> we'll continue to do our utmost to preserve the natural environment and
japanese banks are turning to rapidly growing asian economies to expand their business operations. early last month, sumimoto mitsui banking corporation decided to invest about $1.5 billion in the lender bank tabungan pensiunan nasional. >>> japan's most revered mountain has been chosen as a unesco world heritage site. the iconic mt. fuji has become the country's 17th site to be awarded world heritage states. >> adopted. >> [ speaking foreign language ]. >> the world...
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markets have been elevated by the fed with the intention that if they did it long enough the underlying economy would come trundling along now we were gail ourselves in the u.s. with well we're not as bad as europe we have two percent three percent economic growth but you have to look at that in the context of having deficits that are six seven even eight percent of g.d.p. and without that stimulus we would be in recession how do we have four bad stimulus and those deficit spending sure is easy the fed buys it they've bought half of all the u.s. debt that's been issued since the crisis began and if they stop that we would see interest rates rise interest servicing costs begin to spike for the u.s. we would see gyrations in the treasury market and we've had this wonderful virtuous circle which has been falling yields chasing people into equities and so we've had falling yields and rising equities but this coin has another side and virtuous side of this coin is the exact opposite it's rising yields and falling equities that's the dynamic we've been in not since yesterday but for about six weeks n
markets have been elevated by the fed with the intention that if they did it long enough the underlying economy would come trundling along now we were gail ourselves in the u.s. with well we're not as bad as europe we have two percent three percent economic growth but you have to look at that in the context of having deficits that are six seven even eight percent of g.d.p. and without that stimulus we would be in recession how do we have four bad stimulus and those deficit spending sure is easy...
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economies in the world that's why journalist and blogger marie she. believes the protest is not about money but the inability of the government to deal with failed policies. i would compare very much to the situation in chile a few years ago in chile as we're protesting against high prices for education that has a massive middle class which brazil has just gotten after fifty years of successful achievement of big achievement for really dragging forty million people out of poverty and other things i would say that this is the first revolt of the middle class of a classic middle class in a certain way for decades and people are wondering if they could get better services and they could get better education better and better health it is not exactly above the economy because brazil's pretty much living through full employment and it's not doing that terribly compared to european countries i would say the protests in brazil they cook for a very long but then when they happen lots of issues and this is the biggest one in all of time in a long long time so
economies in the world that's why journalist and blogger marie she. believes the protest is not about money but the inability of the government to deal with failed policies. i would compare very much to the situation in chile a few years ago in chile as we're protesting against high prices for education that has a massive middle class which brazil has just gotten after fifty years of successful achievement of big achievement for really dragging forty million people out of poverty and other...
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Jun 23, 2013
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i have a column on cooperatives and the al terntive economy. there's no better magazine in the country than "yes" magazine to tell you there's a burgeoning alternative economy expanding in the united states locally controlled, not just co-ops, but community banks instead of city banks, credit unions instead of bank of america, farmer to consumer markets are 8,000 and growing all over the country, renewable energy locally, and many other local efforts that speak the strategy of displacement of large multinational corporations by getting their customers to move into the community economics world, and just a couple more, and then we can have a good discussion. i have columns on very enlightened ceos, and my favorite is the late ray anderson of interface corporation who decided in 1994 for the company's biggest carpet tile manufacturer in the world out of atlanta, georgia. i heard a lecture on industrial ecology by paul hopkins, and he was a man changed calling himself a recovering plundering of the planet. [laughter] and he swore he was going to t
i have a column on cooperatives and the al terntive economy. there's no better magazine in the country than "yes" magazine to tell you there's a burgeoning alternative economy expanding in the united states locally controlled, not just co-ops, but community banks instead of city banks, credit unions instead of bank of america, farmer to consumer markets are 8,000 and growing all over the country, renewable energy locally, and many other local efforts that speak the strategy of...
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Jun 22, 2013
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this is detroit's economy. this is not just for minoritties in the pockets of the neighborhoods. this is detroit, a major american city. reverend, we have seen it fall off a fiscal cliff. remember that language this year. unemployment 9.9. and national average 7.6. still stuck but not as bad as detroit. debt there is 17 plus billion. and population dropped off 250,000 between 2,000 and 2010. that is a loss of rev vow. >> hundred thousand homes are lost and banks engaging in subprime lending scheme and they closed the industrial base and took those plants to cheap labor markets and that took the guts out of detroit. that is a big deal. now you have a no chain stores and no grocery stores and it is abandonment. and these are americans and we need a plan for restaulization to offset the impact. long- term low interest loans and we cannot abandon these citizens. we can bail out iraq, we could bail out american cities and we must. >> a food chain desert. i had not put it that way. >> there is not one food chain there. and there's not one drug store chain there. only one car dealership
this is detroit's economy. this is not just for minoritties in the pockets of the neighborhoods. this is detroit, a major american city. reverend, we have seen it fall off a fiscal cliff. remember that language this year. unemployment 9.9. and national average 7.6. still stuck but not as bad as detroit. debt there is 17 plus billion. and population dropped off 250,000 between 2,000 and 2010. that is a loss of rev vow. >> hundred thousand homes are lost and banks engaging in subprime...
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Jun 22, 2013
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we're not talking about immigration or the economy or climate change or anything that people actually want to focus on. we're talking about issues like this that are definitelydistrac. >> the irs is hiring thousands of new agents to oversee obamacare. so if you don't like what they've done with conservative groups, you're really not going to like what they do with obamacare. >> arthel: i have to leave it there because i'm out of time. so i don't know if cal is waiting for to you give me one more analogy, but you didn't. so whatever your viewpoint, it was entertaining and i do appreciate your time, cal thomas and christy. we'll see you again soon, i'm sure. >> great to be here. >> rick: a new york priest preparing to take a group of youngsters to world youth day in brazil. that's where pope francis chris will welcome millions of catholics from all overt -- over the world. he's selling good conscience. now more. >> the priest of holy family church in the bronks gives new meaning to the phrase, man of the cloth. he's funding a trip to brazil to see the pope for world youth day. >> it's i
we're not talking about immigration or the economy or climate change or anything that people actually want to focus on. we're talking about issues like this that are definitelydistrac. >> the irs is hiring thousands of new agents to oversee obamacare. so if you don't like what they've done with conservative groups, you're really not going to like what they do with obamacare. >> arthel: i have to leave it there because i'm out of time. so i don't know if cal is waiting for to you...
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that's why their economy is tanking in wisconsin. wisconsin voters have taken notice and the post recent poll shows the governor is losing to ross feingold by three points and he hasn't announced if he's going to run or not. all the lefties saying you have to do it, you have to do it. walker's buddy to the southeast, that is john kasich, who i have quite a history with. he tried and failed to limit public employees in ohio collective bargain, and, of course, we beat him back on that. massive tax cuts for the rich in his state while increasing taxes on the poorest 60% of ohioans. now, the most recent polls show kasich is leading a possible contender in 2014 by nine points and a lot of this has to do with, he got a wakeup call after measure two didn't go his way. he has softened his position, so to speak, on labor. it's hoodwinked a few people, but, believe me, he's the same guy. republican governor tom corbin of pennsylvania. let me tell you, this guy is a dandy. corbin because of his controversial voter i.d. law and also privatized p
that's why their economy is tanking in wisconsin. wisconsin voters have taken notice and the post recent poll shows the governor is losing to ross feingold by three points and he hasn't announced if he's going to run or not. all the lefties saying you have to do it, you have to do it. walker's buddy to the southeast, that is john kasich, who i have quite a history with. he tried and failed to limit public employees in ohio collective bargain, and, of course, we beat him back on that. massive...
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applyingu reframe from the monopoly to our economy. you've been criticized for suggesting that the f.c.c. uses de facto regulation or at a minimum of underscoring its ability to do so. i hope understand when a chairman is tasked with executing the law discusses using a backdoor to imposing a new regime and skirting the regulatory authority issue. congress never intented for the review authority to be used as a backdoor policy making tool that lacks transparency and review. we already have too many federal agencies carrying out too many agged the d.a.s. third, be a visionary. you have seen firsthand the power of the internet. there's no debate where our current telecommunication laws if they were written in 1992, 1996, or 1934, where consumers can choose from multiple wire lines. none of them did. in fact, all of our laws deserve to be reviewed and brought into our era, reflecting not just today's reality but a allowing for today's advances. i invite you to share your ideas reguaranteing statutory modernization. i know many members have
applyingu reframe from the monopoly to our economy. you've been criticized for suggesting that the f.c.c. uses de facto regulation or at a minimum of underscoring its ability to do so. i hope understand when a chairman is tasked with executing the law discusses using a backdoor to imposing a new regime and skirting the regulatory authority issue. congress never intented for the review authority to be used as a backdoor policy making tool that lacks transparency and review. we already have too...
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also that a path to citizenship will boost the economy and strengthen social security. my point being is, many of these arguments have been undermined. at the same time, there seems to be a strain within the republican party that doesn't really care about the sort of national picture and the importance of the latino vote, potentially. >> well, that is true. it depends on where you are. that's why we have 435 voting districts that you, that people have to represent their people. congresswoman sanchez's district is slightly different than king's district in iowa, to be ironic about it. so, but, the question really is, how many of the, not putting aside the stridency for a moment, how many votes will the, the extreme anti-immigration group carry? i mean, i don't know anybody. i've been up here a long time, i don't know anybody that sits around waiting around to see what steve king is going to do before they decide. this is a complicated issue and, you know, it wouldn't surprise me if this thing sort of dragged along until next march or april. congresswoman, sanchez, when t
also that a path to citizenship will boost the economy and strengthen social security. my point being is, many of these arguments have been undermined. at the same time, there seems to be a strain within the republican party that doesn't really care about the sort of national picture and the importance of the latino vote, potentially. >> well, that is true. it depends on where you are. that's why we have 435 voting districts that you, that people have to represent their people....
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it's one of the world's largest economies coming in as number six. it was ninth in gross domestic product, it's expected to grow a 4.2%. inflation is up at 6.7% for the past year. rising rate fueling concerns there may be a another round of interest rate hikes. poverty rate stands at 21.4% with more than 41 million people considered poor. we will continue to follow the unrest in brazil. coming up later this hour, rick grenell the spokesperson for the last four ambassadors to the u.n. he will join us live. >> gregg: immigration reform is debates the turn in spotlight. next week on capitol hill, but can u.s. scenarios behind the bill actually gin up enough support for its passage. elizabeth plann has the story live from d.c. bureau. >> the immigration reform bill starting to take shape in the senate while republicans in the house continue to form what they think is a solution. just as the president says it's a pathway to provide citizenship for folks that wanted to come here and stay here legally while bringing relief to a struggling economy. >> this b
it's one of the world's largest economies coming in as number six. it was ninth in gross domestic product, it's expected to grow a 4.2%. inflation is up at 6.7% for the past year. rising rate fueling concerns there may be a another round of interest rate hikes. poverty rate stands at 21.4% with more than 41 million people considered poor. we will continue to follow the unrest in brazil. coming up later this hour, rick grenell the spokesperson for the last four ambassadors to the u.n. he will...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. choose your language call if we can with oh if the federal minister is still some of. the fumes that consensus can. choose the opinions that invigorating fuel. choose the stories that in high school life choose me access to your office. he continues here in r.t. the friends of syria group of nations meeting in qatar have defended their efforts to rebels and the u.s. secretary of state said america will increase political and military support to the syrian opposition john kerry said president assad is escalating the conflict by seeking help from iran and lebanese fighters not address though the fact that qatar has been supporting the syria's rebels and pledged to continue doing so the free syrian army military command on friday claimed opposition forces have received weapons that can change the balance of power meanwhile the un has rejected washington's claims the syrian government used chemical weapons saying it wasn't
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. choose your language call if we can with oh if the federal minister is still some of. the fumes that consensus can. choose the opinions that invigorating fuel. choose the stories that in high school life choose me access to your office. he continues here in r.t. the friends of syria group of nations meeting in qatar have defended...
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Jun 22, 2013
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with the way the health care system is, one-seventh -- one-sixth of our economy i could never be a nurse, i can't look at a paper cut i pass out. god bless beam who do it. i don't think more government is the answer. >> or grants? >> i would like to see another stud rewhere those grants are. i don't want that -- >> got to give -- government has to spend food stamps now find nursing. eventually margaret thatcher said you run out of other people's money. we have to decide what is most important. >> do you agree? >> absolutely. let's be honest about what's going on here, we have structural sexism going on and i don't have any easy answers to solve it. my family has done it's part. both my sisters have done their part. >> you have definitely contributed to the lack -- you have push the down the nursing shortage we thank you very much for that. >> you're welcome. >> that's it for this edition of "to the contrary." please follow me on twitter @bonnieerbe and @tothecontrary and visit our website, pbs.org/tothecontrary, where the discussion continues. whether you agree or think, to the contrary,
with the way the health care system is, one-seventh -- one-sixth of our economy i could never be a nurse, i can't look at a paper cut i pass out. god bless beam who do it. i don't think more government is the answer. >> or grants? >> i would like to see another stud rewhere those grants are. i don't want that -- >> got to give -- government has to spend food stamps now find nursing. eventually margaret thatcher said you run out of other people's money. we have to decide what...
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Jun 22, 2013
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the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most economists -- ic issuebated economy among economists. you can imagine what site i am on. i am not in favor of tax hikes because it kills the timing. christina romer said that is true. the endgame said -- the end game is not going to be pretty. host: an editorial cartoon shows fed chairman ben bernanke pulling the rug on quantitative easing.stephen idaho falls, idaho. falls, idaho.aho good morning. caller: good morning. i was wondering if printing dollars is a flat tax that president obama and his administration could not possibly pass otherw
the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most...
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economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concerns about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's childish, it's all those things. but here's the reason. because investors have gone for exotic emerging markets with very narrow exits. of course, when things start to change, they all head for the door at the same time. you're absolutely right. the mere fact that he will be taking his foot off the gas is because the car is going fast enough on its own. so you have to put it into context. do i think we should be concerned? the hiccup, bucolic plague of the last week. absolutely not. the market knew it was coming and they're just having a nasty bout of indigestioindiges
economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concerns about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's...
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Jun 22, 2013
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it is more a diversified economy than north dakota's. is this red state/blue state model argument that pair write is making, is that something that you think is going to have real legs? >> oh, yeah. i think it has legs because what he is talking about is real. they talked to business owners. large corporate ceos and business owners. if they go to texas i looked into this some. what they will find is not this environment that you described but public officials, whether it is the governor, the attorney general, comptroller's office, if you have a problem it will say let's work it out and try to help you succeed rather as in new york, attorney general's, job who seems to be hire and sue -- hammer and sue businesses. it is a completely different environment. it is not saying that they don't have regulation in texas. we have to comply but not an adversarial relationship as it is in the blue states. >> jerry brown, governor of california, seemed to resent this. took the perry -- they had a paid public kind of flap about it. new york governor c
it is more a diversified economy than north dakota's. is this red state/blue state model argument that pair write is making, is that something that you think is going to have real legs? >> oh, yeah. i think it has legs because what he is talking about is real. they talked to business owners. large corporate ceos and business owners. if they go to texas i looked into this some. what they will find is not this environment that you described but public officials, whether it is the governor,...